Income StatementBalance SheetCash FlowSegments
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General Electric Business Segments

Business, geographic, and product segment breakdowns

General Electric generates $48.3B in annual revenue across 2 key segments: Commercial Engines & Services ($23.4B), and Defense & Propulsion Technologies ($8.6B). Based on the Q1 2026 filing.

Commercial Engines & Services (TTM)$23.4BDefense & Propulsion Technologies (TTM)$8.6B
Latest FilingQ1 2026
Report Date2026-04-21
Market Cap$315.96B
P/E Ratio36.61
ROE46.26%

Products & Services

Cost of revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Services$3.8B$3.7B$4.1B$4.4B$4.4B$4.6B
Equipment$3.0B$2.3B$2.8B$3.4B$3.9B$3.3B

Performance obligation expected to be satisfied (as a percent)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Equipment94.0%91.0%92.0%93.0%89.0%90.0%

Performance obligations expected to be satisfied

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Services$149.1B$149.3B$150.0B$151.0B$163.0B$179.9B

Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Equipment$3.5B$3.0B$3.2B$3.5B$3.9B$3.7B

AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care-$1.4B-$1.5B-$1.7B-$2.3B-$2.2B-$1.3B
Life$76.0M$47.0M$75.0M-$127.0M-$157.0M-$97.0M
Structured settlement annuities-$125.0M-$140.0M-$195.0M-$360.0M-$335.0M-$80.0M

Beginning balance at locked-in discount rate

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care$27.4B$27.4B$27.5B$27.9B$28.0B$28.0B
Structured settlement annuities$8.3B$8.3B$8.2B$8.1B$8.0B$8.0B
Life$5.4B$5.4B$5.5B$3.0B$2.6B$2.5B

Current discount rate

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care5.6%5.6%5.5%5.3%5.3%5.6%
Structured settlement annuities5.5%5.5%5.5%5.3%5.3%5.6%
Life5.1%5.0%4.9%4.9%4.9%5.2%

Effect of changes in discount rate assumptions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care$154.0M$176.0M$211.0M$278.0M$287.0M$175.0M
Life-$97.0M-$73.0M-$104.0M$87.0M$119.0M$75.0M
Structured settlement annuities$0.0$0.0$0.0$0.0$0.0$0.0

Effect of foreign currency

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Life-$202.0M$28.0M$108.0M——-$2.0M
Long-term care$0.0$0.0$0.0$0.0$0.0$0.0
Structured settlement annuities$0.0$0.0$0.0$0.0$0.0$0.0

Expected future benefit payments, undiscounted

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care$62.0B$61.4B$61.4B$61.5B$61.3B$60.9B
Structured settlement annuities$18.6B$18.4B$18.2B$18.0B$17.8B$17.7B
Life$10.3B$10.3B$10.4B$5.1B$4.1B$4.0B

Expected future gross premiums, discounted

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care$4.7B$4.7B$4.7B$4.8B$4.9B$4.7B
Life$5.2B$5.2B$5.3B$2.5B$1.9B$1.8B
Structured settlement annuities$0.0$0.0$0.0$0.0$0.0$0.0

Expected future gross premiums, undiscounted

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care$7.5B$7.4B$7.3B$7.5B$7.5B$7.5B
Life$11.3B$11.4B$11.6B$4.5B$3.1B$3.0B
Structured settlement annuities$0.0$0.0$0.0$0.0$0.0$0.0

Future policy benefit reserves

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care$24.7B$24.7B$25.1B$25.8B$25.8B$24.9B
Structured settlement annuities$8.4B$8.4B$8.4B$8.5B$8.4B$8.1B
Life$1.0B$1.0B$994.0M$976.0M$906.0M$877.0M
Other contracts$357.0M$347.0M$337.0M$356.0M$357.0M$352.0M

Gross premiums or assessments recognized during period

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care$120.0M$117.0M$114.0M$112.0M$120.0M$112.0M
Life$112.0M$79.0M$84.0M$86.0M$57.0M$49.0M
Structured settlement annuities$0.0$0.0$0.0$0.0$0.0$0.0

Interest accrual

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care$373.0M$374.0M$374.0M$381.0M$382.0M$385.0M
Structured settlement annuities$109.0M$109.0M$108.0M$106.0M$106.0M$106.0M
Life$54.0M$56.0M$56.0M$55.0M$37.0M$33.0M

Investment contracts

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Structured settlement annuities$719.0M$702.0M$682.0M$669.0M$647.0M$638.0M
Other contracts$621.0M$603.0M$591.0M$502.0M$493.0M$479.0M
Life$0.0$0.0$0.0$0.0$0.0$0.0
Long-term care$0.0$0.0$0.0$0.0$0.0$0.0

Liability for Future Policy Benefit, after Reinsurance

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care$24.5B$24.6B$24.9B$25.6B$25.6B$24.8B
Structured settlement annuities$8.4B$8.4B$8.4B$8.5B$8.4B$8.1B
Life$985.0M$807.0M$746.0M$797.0M$755.0M$735.0M

Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care$28.8B$28.9B$29.2B$30.2B$30.2B$29.2B
Structured settlement annuities$8.4B$8.4B$8.4B$8.5B$8.4B$8.1B
Life$5.3B$5.4B$5.4B$3.2B$2.7B$2.6B

Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care$364.0M$351.0M$392.0M$387.0M$389.0M$399.0M
Structured settlement annuities$171.0M$159.0M$166.0M$161.0M$178.0M$152.0M
Life$101.0M$98.0M$124.0M$97.0M$73.0M$62.0M

Liability for Future Policy Benefit, Expected Future Policy Benefit, Discounted, before Reinsurance

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care$28.8B$28.9B$29.2B$30.2B$30.2B$29.2B
Structured settlement annuities$8.4B$8.4B$8.4B$8.5B$8.4B$8.1B
Life$5.3B$5.4B$5.4B$3.2B$2.7B$2.6B

Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care$4.1B$4.1B$4.1B$4.4B$4.4B$4.3B
Life$4.3B$4.4B$4.4B$2.2B$1.8B$1.7B
Structured settlement annuities$0.0$0.0$0.0$0.0$0.0$0.0

Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care$105.0M$97.0M$100.0M$102.0M$109.0M$94.0M
Life$97.0M$74.0M$74.0M$75.0M$69.0M$46.0M
Structured settlement annuities$0.0$0.0$0.0$0.0$0.0$0.0

Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Cash Flow and Reinsurance

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care$4.0B$4.0B$3.9B$4.1B$4.1B$4.1B
Life$4.4B$4.4B$4.5B$2.1B$1.7B$1.7B
Structured settlement annuities$0.0$0.0$0.0$0.0$0.0$0.0

Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care$169.0M$170.0M$157.0M$157.0M$162.0M$160.0M
Life$32.0M$197.0M$248.0M$179.0M$151.0M$142.0M
Structured settlement annuities$0.0$0.0$0.0$0.0$0.0$0.0

Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care$24.7B$24.7B$25.1B$25.8B$25.8B$24.9B
Structured settlement annuities$9.1B$9.1B$9.1B$9.1B$9.0B$8.7B
Other contracts$1.3B$1.5B$1.5B$1.1B$1.1B$1.0B
Life$1.1B$1.1B$1.1B$1.1B$1.0B$990.0M

Other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other contracts$277.0M$539.0M$597.0M$271.0M$203.0M$198.0M
Life$116.0M$114.0M$111.0M$113.0M$113.0M$113.0M
Long-term care$0.0$0.0$0.0$0.0$0.0$0.0
Structured settlement annuities$0.0$0.0$0.0$0.0$0.0$0.0

Weighted-average interest accretion rate

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term care5.6%5.6%5.6%5.6%5.6%5.7%
Life5.1%5.3%5.3%5.3%5.3%5.4%
Structured settlement annuities5.4%5.4%5.4%5.4%5.4%5.4%

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Services$6.7B$6.4B$7.4B$8.2B$8.4B$8.4B

Performance obligation expected to be satisfied, percentage

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Services85.0%86.0%87.0%87.0%86.0%82.0%

Geographic

Property, plant and equipment – net (Note 6)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia$497.0M———$505.0M—
Europe$1.2B———$1.3B—
Other Global$12.0M———$11.0M—

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia$1.8B$2.7B$2.7B$2.7B$2.7B—
Europe$2.0B$2.2B$2.2B$2.2B$2.2B—
Middle East and Africa$933.5M$1.1B$1.1B$1.1B$1.1B—
Non Us$5.3B$6.9B$6.9B$6.9B$6.9B—

Concentration risk (as a percentage)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Non-U.S.13.8%15.0%15.0%15.0%15.0%—

Business Segments

Cost of revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Engines & Services$5.0B$4.2B$5.2B$5.8B$6.5B$5.9B
Defense & Propulsion Technologies$2.0B$2.1B$1.9B$2.1B$2.2B$2.4B

Costs and Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Engines & Services$5.5B$4.8B$5.8B$6.4B$7.2B$6.6B
Defense & Propulsion Technologies$2.3B$2.4B$2.2B$2.4B$2.6B$2.8B

Depreciation and amortization of property, plant and equipment (Note 6)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Engines & Services$97.0M$159.0M$105.0M$98.0M$101.0M$167.0M
Defense & Propulsion Technologies$35.0M$36.0M$39.0M$39.0M$40.0M$46.0M

Equity method income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Engines & Services$75.3M$94.0M$94.0M$94.0M$94.0M—
Defense & Propulsion Technologies$2.0M-$500.0K-$500.0K-$500.0K-$500.0K—

Equity Method Investments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Engines & Services$1.6B———$1.7B—
Defense & Propulsion Technologies$186.0M———$189.0M—

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Engines & Services$6.3B$6.4B$6.6B$6.6B$6.6B$6.5B
Defense & Propulsion Technologies$2.2B$2.3B$2.4B$2.4B$2.5B$2.5B

Goodwill acquisition

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Defense & Propulsion Technologies—$52.0M$90.0M$0.0$6.0M$11.0M
Commercial Engines & Services—$0.0$0.0$0.0$0.0$0.0

Goodwill adjustments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Engines & Services-$166.0M$101.0M$165.0M$27.0M$10.0M-$51.0M
Defense & Propulsion Technologies-$50.0M$5.0M$54.0M$10.0M$3.0M-$17.0M

Gross profit (loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Engines & Services$2.2B$1.9B$2.2B$2.4B$2.3B$2.4B
Defense & Propulsion Technologies$241.0M$325.0M$362.0M$386.0M$252.0M$379.0M

Other segment expenses (income)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Engines & Services-$157.0M-$156.0M-$195.0M-$153.0M-$178.0M-$171.0M
Defense & Propulsion Technologies-$9.0M-$11.0M-$12.0M-$13.0M-$11.0M-$9.0M

Property, Plant and Equipment, Additions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Engines & Services$107.8M$124.5M$124.5M$124.5M$124.5M—
Defense & Propulsion Technologies$33.8M$46.0M$46.0M$46.0M$46.0M—

R&D

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Engines & Services$290.0M$285.0M$301.0M$336.0M$362.0M$349.0M
Defense & Propulsion Technologies$89.0M$72.0M$71.0M$77.0M$88.0M$86.0M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Engines & Services$7.7B$6.7B$8.0B$8.9B$9.5B$8.9B
Defense & Propulsion Technologies$2.5B$2.7B$2.6B$2.8B$2.8B$3.2B

Selling, general and administrative expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Engines & Services$392.0M$409.0M$438.0M$426.0M$559.0M$496.0M
Defense & Propulsion Technologies$244.0M$259.0M$257.0M$292.0M$296.0M$319.0M

Number of reportable segments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Defense & Propulsion Technologies0.250.250.250.250.25—